
Why Africa Is Still Poor - Exclusive Interview with Daron Acemoglu
Economics Explained
00:00
Leveraging Comparative Advantage for Economic Growth
Many countries are turning to Africa as manufacturing costs rise in Asia, considering it as a hub for local manufacturing due to access to natural resources. China, with its strong international presence, leverages its market size to wield power over other countries by being the biggest middle class market, thereby influencing global politics and economic decisions.
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